China rejected complaints from Japan over China’s recent application to Unesco to preserve archives detailing the abuses that so-called “comfort women” suffered at the hands of the Japanese military during World War II. Read More »

• China is observing the Duan Wu (Dragon Boat) Festival this week, which honors Qu Yuan (circa 340 BCE – 278 BCE) a righteous official and poet who committed suicide in protest over an unjust regime. In other holiday-related news, concerns over the H1N1 flu seem to have put a bit of damper on travel during this period, and China is now seeking Unesco recognition of the cultural heritage associated with the holiday, several years after South Korea had its version of the festival placed on the list. Mainland markets are closed today and tomorrow.

• One just never knows what will happen with the hermit kingdom. An increasingly frustrated China is in a position to leverage its political and economic power over North Korea, but given China’s interest in its recalcitrant neighbor’s internal stability, it may do little more than encourage further talks.

• Taiwan will begin accepting applications from mainland firms to invest in local companies in early July, and will allow mainland investment in up to 101 sectors, including textiles; mobile phone and auto manufacturing; wholesaling and retailing; hotels; airports and seaports; tourism facilities; and some telecommunications services providers. However, China Mobile’s proposed plan to buy a stake in a Taiwanese ringtone provider won’t be approved during the first phase of opening up to mainland investment. Read More »

About China Real Time Report

China Real Time Report is a vital resource for an expanding global community trying to keep up with a country changing minute by minute. The site offers quick insight and sharp analysis from the wide network of Dow Jones reporters across Greater China, including Dow Jones Newswires’ specialists and The Wall Street Journal’s award-winning team. It also draws on the insights of commentators close to the hot topic of the day in law, policy, economics and culture. Its editors can be reached at chinarealtime@wsj.com.